Blackstone Secured Lending Fund (NYSE:BXSL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Blackstone Secured Lending Fund (NYSE:BXSL) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $32.13.

A number of analysts have weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Blackstone Secured Lending Fund from $29.00 to $31.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price objective on shares of Blackstone Secured Lending Fund from $33.00 to $33.50 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, Compass Point cut their price objective on shares of Blackstone Secured Lending Fund from $33.50 to $32.25 and set a “buy” rating on the stock in a report on Friday, November 15th.

Hedge Funds Weigh In On Blackstone Secured Lending Fund

A number of institutional investors have recently modified their holdings of the business. Zacks Investment Management acquired a new position in shares of Blackstone Secured Lending Fund in the 4th quarter valued at $201,000. Guggenheim Capital LLC grew its position in Blackstone Secured Lending Fund by 6.0% in the 4th quarter. Guggenheim Capital LLC now owns 18,549 shares of the company’s stock valued at $599,000 after buying an additional 1,044 shares during the last quarter. XTX Topco Ltd purchased a new position in Blackstone Secured Lending Fund in the 4th quarter valued at $1,031,000. CM Wealth Advisors LLC purchased a new position in Blackstone Secured Lending Fund in the 4th quarter valued at $359,000. Finally, CreativeOne Wealth LLC purchased a new position in Blackstone Secured Lending Fund in the 4th quarter valued at $212,000. 36.49% of the stock is owned by institutional investors and hedge funds.

Blackstone Secured Lending Fund Trading Up 0.2 %

BXSL stock opened at $33.83 on Friday. Blackstone Secured Lending Fund has a twelve month low of $27.76 and a twelve month high of $34.11. The company’s 50 day moving average is $32.54 and its two-hundred day moving average is $31.19. The stock has a market cap of $7.57 billion, a P/E ratio of 9.40 and a beta of 0.43.

Blackstone Secured Lending Fund Company Profile

Blackstone Secured Lending Fund is business development company and a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment Fund. On October 26, 2018, the fund elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940, as amended (the 1940 Act).